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US trading session with positive close
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Loading...American stocks closed higher today, supported by the better than expected corporate financial results. NASDAQ and S&P 500 added to already record highs. Investors are broadly optimistic about the corporate results for the quarter. The markets continue to march up despite of the situation in Washington and the delay of the health care reforms. In the absence of any negative news and no geo-political risks also support the indices. The US data for the housing starts and building permits added to the positive optimism. So far out of the 53 corporations that reported results in the S&P index, 77% of them had better than expected results. Some of the analysts think that there is divergence between the bond market and the stock market, as the bond prices are signaling a possibility of slowing economy but the stock market continue to climb up. The VIX index fell below 10.
DJIA: 66.02 points/ 0.31% - 21,640.75
S&P: 13.22 points/ 0.54% - 2,473.83
NASDAQ: 40.74 points/ 0.64% - 6,385.04
RUSS 2000: 13.31 points/ 0.93% - 1,440.92
VIX: 9.75
In the S&P almost all sectors were up, with Energy and Tech with most gains.
For the Dоw Jones also finished higher but it was held back because of IBM traded lower, which caused 45 points lower close. Boeing however was higher.
The tech and banking sectors were the most gainers from today's session.
The price of Oil continued to trade higher, reaching around $47.10 per barrel. The USD was slightly higher, but it still at the lowest levels for a while. The Euro dipped slightly, but this is just a correction. The euro is giving us a clear signal for long, but we will wait for the ECB rate decision meeting tomorrow and then look for a good levels to enter long.
Source of the graph: Bloomberg Pro Terminal
Trader - S. Fuchedzhiev
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